WorkersCompass.org | Published by Workers Action

“Our response to this economic war on the people is to ensure that public education be supported by a stable, rational and democratic system of taxation and we believe a good way to accomplish that is to pass the Oil Extraction Tax To Fund Education (Prop 1522), which would impose a 15% tax on the extraction of oil and gas: finite resources that belong to the people. That tax would generate $3 to $3.5 billion a year for the 9-10 million students in K-12, Community Colleges, CSU and UC. California is the only major oil-producing state that has no oil extraction tax. Even Texas and Alaska have an oil extraction tax.”